Mastercard: NFC payments have jumped 40% due to coronavirus concerns

MasterCard is seeing an increase in the use of contactless transactions, and believes this trend will continue after the pandemic. CEO Ajay Banga added that the trend was driven by people 'looking for a quick way to get in and out of stores without exchanging cash, touching terminals, or anything else.'It's worth noting that the statistic includes both mobile payment platforms, like Google/Samsung/Apple Pay, as well as the NFC chips embedded directly in newer cards.